Market Winners & Losers: Dynegy, HCP

Plum Creek Timber (PCL) just announced it is revising its fourth-quarter earnings outlook due to a land sale. The company said a a Montana conservation sale will contribute 40 cents per share to its quarterly results. The company also expects to record about $65 million for other rural land sales during the quarter, down from a [...]

Plum Creek Timber Projects 48 Cents-53 Cents a Share Profit

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These companies caught the eyes of investors who've picked stocks that beat the market handily.

Filed under: Newsletters, Commodities, Agriculture, Stocks to Buy, Housing

"Seattle-based Plum Creek Timber (NYSE: PCL), the nation's largest private landowner with more than eight million acres, has caught our eye," says Bill Martin.

In his BullMarket.com advisory, he explains, "Earnings have been stunted in recent quarters by the housing slump, but the company sports a strong balance sheet and an asset base that thanks to nature only gets larger and more valuable as time goes by."

"Plum Creek, which operates as a real estate investment trust, reported surprisingly solid Q3 profit. It posted net income of $69 million, or 40 cents per share, for the quarter ended September 30th, compared with a profit of $59 million, or 34 cents per share, for the same period a year ago.

"In the 2007 quarter, fire losses in Montana forced the company to report a $4 million non-cash expense, or two cents per share, related to fire losses experienced in Montana.

"The company's EPS results topped the expectations of Wall Street analysts by a penny a share. Revenue grew to $414 million, up 2% from $407 million last year. The sales results were a bit short of the consensus of $419.8 million.

Continue reading 'Growing' assets: Plum Creek Timber (PCL)

'Growing' assets: Plum Creek Timber (PCL) originally appeared on BloggingStocks on Tue, 18 Nov 2008 13:30:00 EST. Please see our terms for use of feeds.

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Another day, another REIT implosion - these are simply gold mines for shorts. Commerical real estate is in serious trouble since as we keep saying we are just NOW entering the heart of the recession and many of these companies are already struggling - the lack of access to credit markets is devastating for these guys - many of which have a lot of debt to turnover. Today's REIT of the day is Prologis (PLD) whose CEO resigned, dividend is cut, cutting jobs, you name it - the need for cash is desperate. <a[More...]

"Seattle-based Plum Creek Timber (NYSE: PCL), the nation's largest private landowner with more than 8 million acres, has caught our eye," says Bill Martin. His BullMarket.com explains, "Earnings have been stunted in recent quarters by the housing slump, but the company sports a strong balance sheet and an asset base that thanks to nature only gets larger and more valuable as time goes[More...]

“We have been concerned for some time about the risks in asset-backed bonds, particularly bonds that are backed by home equity loans, automobile loans or credit card debt (we own no asset-backed bonds).” – Prem Watsa, 2004 Letter to Shareholders. By now it all seems so obvious. All the warning signs were there. The “Bad Credit, [...]

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